FURP.ORG / PUBLIC DATA EXPLORER

BURLINGTON COMMUNITY DEVELOPMENT CORP: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
BURLINGTON COMMUNITY DEVELOPMENT CORP (EIN 03-0336348)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-05-06
IRS object ID
201121269349300107
Schema version
2009v1.7
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-05-06T08:19:50-05:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Sullivan Powers & CompanyBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line177 Barre St PO Box 947AddressLine1
CityMontpelierCity
StateVTState
ZIP Code05601ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN030336348EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Burlington Community Development CorpBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBURLNameControl
Phone8028657019Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o Clerk Office 149 Church StreetAddressLine1
CityBurlingtonCity
StateVTState
ZIP Code05401ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameROBERT KISSName
TitlePRESIDENTTitle
Phone8028657019Phone
Date Signed2011-04-29DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone8022232352Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonROBERT KISSNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1c/o Clerk Office 149 Church StreetAddressLine1
CityBurlingtonCity
StateVTState
ZIP Code05401ZIPCode
FieldValueIRS element (for citing)
Gross Receipts616675GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web Sitewww.cedoburlington.orgWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1982YearFormation
State Legal DomicileVTStateLegalDomicile
Activity Or Mission DescriptionTo help further the community and economic development objectives of the City of Burlington. The Organization works in partnership with city departments to secure financing for city sponsored projects, and often holds title to property for redevelopment efforts.ActivityOrMissionDescription
Nbr Voting Members Governing Body5NbrVotingMembersGoverningBody
Nbr Independent Voting Members5NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year25963ContributionsGrantsPriorYear
Contributions Grants Current Year25547ContributionsGrantsCurrentYear
Program Service Revenue Prior Year472499ProgramServiceRevenuePriorYear
Program Service Revenue CY472499ProgramServiceRevenueCY
Investment Income Prior Year101044InvestmentIncomePriorYear
Investment Income Current Year118629InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year599506TotalRevenuePriorYear
Total Revenue Current Year616675TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year526502OtherExpensePriorYear
Other Expenses Current Year447751OtherExpensesCurrentYear
Total Expenses Prior Year526502TotalExpensesPriorYear
Total Expenses Current Year447751TotalExpensesCurrentYear
Revenues Less Expenses Prior Year73004RevenuesLessExpensesPriorYear
Revenues Less Expenses CY168924RevenuesLessExpensesCY
Total Assets BOY7315696TotalAssetsBOY
Total Assets EOY7230360TotalAssetsEOY
Total Liabilities BOY5536570TotalLiabilitiesBOY
Total Liabilities EOY5282310TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1779126NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1948050NetAssetsOrFundBalancesEOY
Mission DescriptionTo help further the community and economic development objectives of the City of Burlington. The Organization works in partnership with city departments to secure financing for city sponsored projects, and often holds title to property for redevelopment efforts.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense441994Expense
Revenue472499Revenue
DescriptionExpenses related to the real estate projects run to promote development in the Burlington area.Description
Total Program Service Expense441994TotalProgramServiceExpense
Described In501 C30DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Balance Sheet Amounts Reported1BalanceSheetAmountsReported
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Nbr Voting Governing Body Members5NbrVotingGoverningBodyMembers
Number Independent Voting Members5NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees0MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body0Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Own WebsiteXOwnWebsite
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1City of Burlington Treasurers OffiBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number8028657019TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1149 Church StreetAddressLine1
CityBurlingtonCity
StateVTState
ZIP Code05401ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
Willian J Keogh
Member1.00X000
KAREN PAUL
Member1.00X000
KURT WRIGHT
Member1.00X000
Bob Kiss
President1.0009287339935X
Jonathan PA Leopold Jr
Secretary1.0008176335158X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs174636TotalReportableCompFrmRltdOrgs
Total Other Compensation75093TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions25547AllOtherContributions
Total Contributions25547TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
BUILDING RENT531190466499466499
RESERVES90009960006000
FieldValueIRS element (for citing)
Total Program Service Revenue472499TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column118629TotalRevenueColumn
Exclusion$118,629ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column616675TotalRevenueColumn
Related Or Exempt Function Income472499RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$118,629ExclusionAmount

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total3545Total
Management And General3545ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total1149Total
Management And General1149ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total987Total
Management And General987ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total352118Total
Program Services352118ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total76035Total
Program Services76035ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total3480Total
Program Services3480ProgramServices

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
REAL ESTATE TAXES1036110361
MISCELLANEOUS7676

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total447751Total
Program Services441994ProgramServices
Management And General5757ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY7164BOY
EOY107EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
EOY7061EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY856801BOY
EOY844777EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis6838182LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec471113LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY6443106BOY
EOY6367069EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY8625BOY
EOY11346EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY7315696BOY
EOY7230360EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY7953BOY
EOY4272EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY4640469BOY
EOY4484284EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY888148BOY
EOY793754EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY5536570BOY
EOY5282310EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY1767126BOY
EOY1930050EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY12000BOY
EOY18000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1779126BOY
EOY1948050EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY7315696BOY
EOY7230360EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis1155249OtherCostOrOtherBasis
Book Value1155249BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis5340385OtherCostOrOtherBasis
Depreciation425440Depreciation
Book Value4914945BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis342548OtherCostOrOtherBasis
Depreciation45673Depreciation
Book Value296875BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings6367069TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
DUE TO PRIMARY GOVERNMENT$133,429
DUE TO CAPITAL PROJECTS$660,325
FieldValueIRS element (for citing)
Total Of Amounts793754TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifierExplanationExplanation
Form 990, Part VI, Section A, line 8bNo committees; therefore, not applicable.
Form 990, Part VI, Section B, line 11Copy of the Form 990 will be reviewed by the accountant and signed by the President and then submitted to the IRS. Subsequent to the filing of the final 990 a copy of the return will be submitted to the entire board.
Form 990, Part VI, Section B, line 12cIf there is a conflict of interest, the Board must disclose the conflict when it arises.
Form 990, Part VI, Section C, line 18Upon request and the organization's website and the guidestar website.
Form 990, Part VI, Section C, line 19Upon request and the organization's website.
FORM 990, PART XI, LINE 2CTHERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1CITY OF BURLINGTON VERMONTBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1149 CHURCH STAddressLine1
CityBURLINGTONCity
StateVTState
ZIP Code05401ZIPCode
FieldValueIRS element (for citing)
EIN036000410EIN
Primary ActivitiesGOVERNMENTPrimaryActivities
Legal Domicile StateVTLegalDomicileState
Exempt Code Section170(b)(1)(A)(v)ExemptCodeSection
Public Charity StatusN/APublicCharityStatus
Direct Controlling Entity NAN/ADirectControllingEntityNA
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org1LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs1PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
CITY OF BURLINGTON VERMONT
D1976565
CITY OF BURLINGTON VERMONT
L0